National Bank of Kazakhstan Updates Currency Purchase Rules for Stablecoin Operators
Summary
The National Bank of Kazakhstan has introduced new regulations governing how stablecoin operators can purchase foreign currency.
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The National Bank of the Republic of Kazakhstan has issued updated rules governing the purchase of foreign currency by stablecoin operators. The regulation defines how digital asset entities interact with the domestic foreign exchange market.
The initiative is designed to structure foreign exchange transactions related to digital assets and improve regulatory transparency in the market.
According to the official release, the regulatory decree takes effect on September 14.
Source: Profit.kz
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